Australia recorded a Government Debt to GDP of 43.80 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Australia averaged 9.89 percent of GDP from 1971 until 2024, reaching an all time high of 43.80 percent of GDP in 2024 and a record low of -3.40 percent of GDP in 2008. source: Australian Office of Financial Management (AOFM)
Government Debt to GDP in Australia is expected to reach 43.50 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Net Debt to GDP is projected to trend around 42.60 percent of GDP in 2026 and 42.50 percent of GDP in 2027, according to our econometric models.
In Australia, government debt to GDP refers to net government debt, ie the sum of interest bearing liabilities less the sum of selected financial assets (cash and deposits, advances paid and investments, loans and placements). Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
43.80 |
42.80 |
43.80 |
-3.40 |
1971 - 2024 |
percent of GDP |
Yearly |
|